Exam (elaborations)
CSLB CH. 5 EXAM ACTUAL QUESTIONS AND ANSWERS A+ GRADE.
CSLB CH. 5 EXAM ACTUAL QUESTIONS AND ANSWERS A+ GRADE.
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November 29, 2024
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2024/2025
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Exam (elaborations)
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cslb ch 5 exam actual questions and answers 2024
which of the following is a correct statement abou
if a contractor has temporary cash flow problem
11 a contractor wants to change a sole ownership
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CSLB CH. 5 EXAM ACTUAL QUESTIONS AND
ANSWERS 2024/2025 A+ GRADE.
1GyearG-GcorrectGanswer-1.)GCurrentGliabilitiesGonGaGbalanceGsheetGareGdebtsGthatGbecomeGdueGwithin:
RevenuesGandGexpensesGoverGanGextendedGperiodGofGtimeG-GcorrectGanswer-
2.)GAnGincomeGstatementGshows:
WhenGtheGcashGchangesGhandsG-GcorrectGanswer-
3.)GInGtheGcashGsystemGofGaccounting,GaGtransactionGisGrecordedGorGposted:
MoneyGdueGfromGcustomersGwhoGhaveGpurchasedGgoodsGorGservicesG-GcorrectGanswer-
4.)GOfGtheGfollowingGwhichGisGtheGbestGdescriptionGforGaccountsGreceivable?
AGbudgetGshouldGallowGleewayGforGmonthGtoGmonthGvariationsG-GcorrectGanswer-
5.)GWhichGofGtheGfollowingGisGaGcorrectGstatementGaboutGbudgets?
UseGfundsGfromGaGpre-establishedGlineGofGcreditG-GcorrectGanswer-6.)GIfGaGcontractorGhasGtemporaryGcash-
flowGproblem,GwhatGisGaGgoodGwayGtoGgetGthroughGtheGcrisis?
CoverageGandGCostG-GcorrectGanswer-
7.)GGregGisGlookingGtoGpurchaseGanGinsuranceGpolicy.GHeGisGcallingGdifferentGcompaniesGtoGobtainGdifferen
tGquotes.GWhatGisGtheGbestGwayGtoGchooseGamongGdifferentGcompanies?
NetGProfitGorGLossG-GcorrectGanswer-8.)GTheGbottomGlineGofGtheGPG&GLGstatementGshows:
TheyGmayGformGaGcorporationGandGobtainGaGcorporateGlicenseG-GcorrectGanswer-
9.)GAGlicensedGcontractorGwantsGtoGdoGconstructionGprojectsGwithGanGunlicensedGindividual.GOfGtheGfollow
ing,GwhichGisGaGlegalGalternative?
TheGBoardGofGEqualizationG-GcorrectGanswer-10.)GToGwhomGdoGyouGreportGandGpayGUseGtax?